$EVAA ｜1 Hourly Level Trend Interpretation (Today's Perspective)

The current market momentum remains bearish, with prices oscillating around the 1.23 range after a sharp drop from the high of 2.38, consolidating and waiting for the next direction.

If the support at 1.13–1.15 fails, the downside risk will further increase, with the next key target looking towards the previous low of 0.83.

Conversely, if prices show strong bullish signals (such as Pin Bar, engulfing pattern) above 1.30, a rebound is likely to be initiated, with the first target focusing on 1.80, but it must be accompanied by clear momentum confirmation.

The strategy remains clear:

Bearish Scenario: If it breaks below and retests 1.13, consider following with short positions, targeting 0.83, with stop loss set at recent highs or the 1.30 area.

Bullish Scenario: If prices consistently fail to effectively break through 1.29–1.30 and continue to operate below it, there is a high probability of maintaining a weak consolidation structure, with continued downward oscillation.

Overall, the key points for bulls and bears lie at the levels of 1.13 and 1.30, pay attention to breakouts and retests, as the direction will be determined by this.